Global Economy
Report: Zurich Pulling Together $8.4B Financing For RSA Bid
Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group Plc, according to people with knowledge of the plan, ...
Insurance Losses From Tianjin Explosion Could Hit $3.3B: Guy Carpenter
The two massive explosions which hit China's Port of Tianjin last month could generate insurance losses of up $3.3 billion, according to a report published by Guy Carpenter. The report estimates ...
AIG Aims for Couture Crowd With Designer Clothing Coverage
American International Group is aiming for more high net worth policyholder business with new coverage for couture and other designer clothing – items than can be worth thousands of dollars. AIG is ...
Watch This Video: ‘Executive Presence’ Explained
What is executive presence? Some say that true leaders have it—a collection of qualities that prove someone should be in charge. The video to the right gives you some idea of how to measure it. In ...
Reinsurers’ New Reality of Abundant Capacity May be Permanent: A.M. Best
The reinsurance market is operating in a new reality of abundant capacity from traditional and alternative sources, low interest rates and thinner reinsurance margins, driven by intense competition ...
U.S. Judge Signs Off on $415M Settlement in Tech Worker Salary Suit
A U.S. judge on Wednesday granted final approval to a $415 million settlement that ends a high profile lawsuit in which workers accused Apple, Google and two other Silicon Valley companies of ...
Lloyd’s Tallies $4.6 Trillion in At-Risk GDP in 301 Cities
In the first-ever Lloyd's City Risk Index, analyzes the economic output at risk (GDP at risk) in 301 major cities from 18 manmade and natural threats over a ten-year period. It concludes that "$4.6 ...
Executives On The Move at ACE and Argo
ACE Group made six London-based appointments to its ACE Global Markets (AGM) and ACE Overseas General (AOG) energy teams, focusing on promoting from within. Matthew Hardy is now product head AGM ...